Olstein Capital Management L.P. boosted its position in shares of Oracle Corp. (NYSE:ORCL) by 6.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 267,000 shares of the enterprise software provider’s stock after buying an additional 15,000 shares during the period. Oracle Corp. comprises about 1.5% of Olstein Capital Management L.P.’s holdings, making the stock its 20th largest position. Olstein Capital Management L.P.’s holdings in Oracle Corp. were worth $10,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cribstone Capital Management LLC acquired a new position in Oracle Corp. during the second quarter worth $102,000. FCM Investments TX raised its position in Oracle Corp. by 20.0% in the second quarter. FCM Investments TX now owns 3,000 shares of the enterprise software provider’s stock worth $123,000 after buying an additional 500 shares during the last quarter. Proficio Capital Partners LLC raised its position in Oracle Corp. by 46.9% in the second quarter. Proficio Capital Partners LLC now owns 3,016 shares of the enterprise software provider’s stock worth $124,000 after buying an additional 963 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in Oracle Corp. by 2.9% in the second quarter. Riggs Asset Managment Co. Inc. now owns 3,481 shares of the enterprise software provider’s stock worth $142,000 after buying an additional 99 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in Oracle Corp. by 237.2% in the second quarter. Thompson Davis & CO. Inc. now owns 3,554 shares of the enterprise software provider’s stock worth $145,000 after buying an additional 2,500 shares during the last quarter. 58.00% of the stock is owned by institutional investors.

Shares of Oracle Corp. (NYSE:ORCL) traded up 0.43% during mid-day trading on Thursday, hitting $39.68. 5,094,207 shares of the company were exchanged. Oracle Corp. has a 12-month low of $33.13 and a 12-month high of $42.00. The stock has a market cap of $163.44 billion, a PE ratio of 18.85 and a beta of 1.08. The stock’s 50-day moving average price is $40.83 and its 200 day moving average price is $40.35.

Oracle Corp. (NYSE:ORCL) last issued its earnings results on Thursday, September 15th. The enterprise software provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.03. The business earned $8.60 billion during the quarter. Oracle Corp. had a net margin of 24.16% and a return on equity of 22.10%. Oracle Corp.’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. On average, equities analysts anticipate that Oracle Corp. will post $2.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Oracle Corp.’s dividend payout ratio is 28.57%.

A number of equities analysts recently weighed in on ORCL shares. BTIG Research restated a “buy” rating and set a $47.00 price target on shares of Oracle Corp. in a research report on Monday, August 22nd. Vetr lowered shares of Oracle Corp. from a “strong-buy” rating to a “buy” rating and set a $45.58 target price on the stock. in a report on Wednesday, September 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $41.00 target price on shares of Oracle Corp. in a report on Thursday, September 15th. Zacks Investment Research lowered shares of Oracle Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, TheStreet lowered shares of Oracle Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $44.88.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.16, for a total value of $150,600.00. Following the completion of the sale, the director now owns 8,281 shares of the company’s stock, valued at approximately $332,564.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John F. Fowler sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $41.17, for a total value of $20,585,000.00. Following the completion of the sale, the executive vice president now directly owns 119,645 shares of the company’s stock, valued at approximately $4,925,784.65. The disclosure for this sale can be found here. 28.00% of the stock is owned by insiders.

About Oracle Corp.

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

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